• Advice
• 1 Aug 2015
• IPSE

This paper sets out the rationale for a new categorisation of companies for tax purposes that would provide a benign environment for freelancing to flourish, and allow HMRC to focus its attention on higher risk and more fruitful areas.

The Freelancer Limited Company (“FLC”) would be a normal company formed under the Companies Act but would choose to operate under particular restrictions in order to qualify for the specific tax treatment.

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